MRT has signed a Non-Binding Terms Sheet with Beacon Minerals Limited (BCN), an ASX listed gold mining and exploration company with existing operation in Western Australia to form partnership for exploration of polymetallic minerals in Concession Areas, MEL2023-CA-ZB003, MEL2023-CA-ZB004, MEL2023-CA-ZB005, MEL2023-CA-ZB006, MEL2023-CA-ZB007, and MEL2023-CA-ZB008 recently awarded to BCN through the first Timor-Leste mineral tender in 2023.
The parties currently finalising an MoU to form a Joint Venture for the referred project.
MRT is finalising an MoU to form a Joint Venture with Peak Everest Mining Lda, a Timor-Leste based Manganese exploration company to form partnership for exploration of Manganese resources in one of the awarded Concession Area MEL2023-CA-ZA004 located in Lautem Municipality.
MRT is in discussion with Elegant Marble Group Unipessoal Lda (EMG) and Uma Marble Timor Lda (UMT), Timor-Leste based marble exploration companies to form partnership for exploration and development of marble resources located in Municipality of Manatuto. Both UMT and EMG acquired marble exploration right from the Government of Timor-Leste in 2020.